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ECB Policymakers reportedly ready to raise rates in September to stem side effects of Iran war; Policymakers have little appetite to signal further tightening, according to sources

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ECB policymakers are reportedly ready to raise interest rates in September to counter Iran war side effects, but sources indicate little appetite for signaling further tightening.

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A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Geopolitics

Joint Statement between Oman and Iran on Consultations between the Foreign Ministers of the two; consultations focused on the importance that both countries attach to resuming safe navigation through the Strait of Hormuz